Punj Lloyd surges on bagging orders from GAIL, NHAI

13 Dec 2017

Punj Lloyd is currently trading at Rs. 22.85, up by 2.30 points or 11.19% from its previous closing of Rs. 20.55 on the BSE.

The scrip opened at Rs. 22.80 and has touched a high and low of Rs. 23.40 and Rs. 22.65 respectively. So far 8,33,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 25.85 on 20-Sep-2017 and a 52 week low of Rs. 17.70 on 20-Jun-2017.

Last one week high and low of the scrip stood at Rs. 23.40 and Rs. 20.40 respectively. The current market cap of the company is Rs. 765.16 crore.

The promoters holding in the company stood at 35.78%, while Institutions and Non-Institutions held 7.04% and 57.18% respectively.

Punj Lloyd has bagged an order for laying and construction of steel pipeline along with associated facilities for Dharma-Angul section of Jagdishpur-Haldia-Bokaro-Dhamra Pipleline Project (JHBDPL) PH-II worth Rs 276.11 crore from GAIL. 

The company has also received an order for up-gradation of Yargi-Kalewa Road section in Myanmar of two lane with Earth shoulders on EPC mode worth Rs 1,177 crore, in joint venture with Varaha Infra from National Highway Authority of India (NHAI).

Punj Lloyd is a diversified international conglomerate offering EPC services in Energy and Infrastructure along with engineering and manufacturing capabilities in the Defence sector.



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SEBI Registered: Investment Adviser - INA000013323

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